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The Forties-Pivoting Between Young and Old

The forties is a time of reflection of our life; financial concerns included. Thoughts about leaving something significant behind will naturally surface: “Will the world be a better place because of me? Will my children have a better chance in term of educations and career opportunities?” Thinking suddenly becomes longer-range and inter-generational.

If there are to be Ringgits at work producing an income for the older person that we will be someday in the future, then they must come from the earnings of the current younger person. Therefore, every young person’s pocketbook is supposed to comprise two sections: Section A for the young person and Section B, for the older person he/she will be someday.

Part of the Ringgits in the young person’s pocketbook are the old person’s, as surely as if they had his/her name on it. Unfortunately, with no name printed on the notes, the young person might unintentionally cross the boundary into the other section, and in the process, spend the older person’s money. This is human nature; this is life; and this is the problem that we must address today.

We must arrange a plan that will retrieve the older person’s Ringgits out of the younger person’s pocketbook. This money will be kept out, appreciated with interest, and saved carefully. Such fore planning provides the person the luxury to be waiting surely and certainly for the money the day he grows old.

If you are currently the younger of the 2, you should ask yourself these questions:
1. Do you currently have saving plans?
2. Have your current plans actually helped you to get the old person’s Ringgits out of the young person’s pocketbook before you have spent them?
3. Has the saving plans that you have used turned your good intentions into enduring saving habits?
4. Have the plans you have used forced you to constant reinvestment?
5. Do the plans you use provide for automatic liquidation in a guaranteed number of dollars when you are ready to retire?


Client :Springfield consultancy SDN. BHD.
Illustration of Springfield Newsletter July 2007/ Issue 15